Hunting Cuts Full-Year EBITDA Guidance to $128M–$133M
Hunting PLC said Middle East conflict, shipping disruptions and slower-than-expected trading improvements affected Q3 performance and tender activity. It revised full-year EBITDA guidance to $128 million to $133 million.
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Hunting PLC released its Q3 2026 trading update, noting that while long-term end-market fundamentals remain robust, the company's performance has been impacted by the protracted conflict in the Middle East. This geopolitical situation has affected tender activity for Oil Country Tubular Goods (OCTG) and other product lines, compounded by logistical challenges and shipping disruptions. Consequently, the company has revised its full-year EBITDA guidance downwards to a range of $128 million to $133 million. Management also cited slower-than-anticipated trading improvements as a factor in the updated outlook.